ETH/USDT – 1H – SELLFurthermore a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 2017.18 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 2199 could occur.
Consider stop-loss settings accordingly.
Furthermore a ‘Two Crows’ chart pattern is existing. The candles form ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2396.62 |
| 2nd High | 2343.82 |
| Next High | 2199 |
| Current Price | 2080.170000000 |
| Next Low | 1945.08 |
| 2nd Low | 1929.56 |
| 3rd Low | 1907.41 |
2199 – 2014.12 – 2090 – 1945.08 – 1929.56 – 1907.41 —
2132.530000000 – 2131.650000000 —
51.764526390033 – 52.303710109693 —
– —
2199 – 1772650800
Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –